Marginal Cost Explained I A Level and IB Economics

​Using straightforward numerical examples, this short video introduces students to the concept of marginal cost. Marginal cost is the change in total cost for a business as a result of a one-unit change in output.

#aqaeconomics #ibeconomics #edexceleconomics #economicsexplained #tutor2ueconomics

[susannduku]

You brought it to be so simple to understand. Thanks from Kenya 🇰🇪 2023

[apotheosisaurel]

Thanks for this excellent and straightforward explanation. As someone who isn't here for economics but for calculus, this was very didactic, I even want to continue learning about this topic, haha. Good luck to all Microeconomics students. 📚

[fiyin]

I found this video very productive and helpful, thanks a lot.

[TheBullOfLewisham]

Tuesday 30th April 2024.
21.34pm.
"Dear Sir. Good-evening. How are you? I trust you are well. I, think i understand Marginal cost. Well, I still do, not understand it. Please can you explain it again." Thank you.
Mr Francesca Kray

[NadaBoukouyen]

thank u so much for this straightfoward explanation!

[fairuzashmanabila]

Finally found great vids with British accent lol Thank you for uploading. It really helps! Your voice reminds me of my business teacher in secondary by the way. Greetings from Indonesia Sir!

[christinemk]

Thank you for helping me understand love your videos.

[minamondal]

Thank you teacher I get to know about the points in 3rd situation 🙏🙏

[br]

My God tutor2u, your voice makes me want to learn lol

[bradledford]

Thank you, this explanation really helped me.

[Ye-piyo]

As a non native english speaker who is studying economics, I need someone to describe to me what units mean. I actually searched for it, I found that it means an item manufactured. then is it equal to goods in terms of Economics?

[johnpaulong]

Can I ask if can marginal cost decrease? Or marginal costs should constantly increase?

[alisyaakrang]

what happend if price below the marginal cost?

[avatar]

what is the difference between variable and marginal costing?

[jonathansinkala]

So this implies that
MC= Current Total Cost - Previous Total Cost/ Current unit - previous unit

[adokorachpaula]

Can we look at the long run average cost curve

[aliahmontefalco]

Why does in the first example it didn't use the formula of marginal cost? But in the second example it does

[rinasari]

How if there is only price instead of total cost? Can we calculate the MC